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AFTER MARKET UPDATE - THURSDAY, MARCH 17TH, 2016
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DOW |
+155.73 |
17,481.49 |
+0.90% |
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Volume |
1,012,224,620 |
+11% |
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Volume |
1,723,520,350 |
+7% |
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NASDAQ |
+11.02 |
4,774.99 |
+0.23% |
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Advancers |
2,495 |
81% |
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Advancers |
2,005 |
69% |
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S&P 500 |
+13.37 |
2,040.59 |
+0.66% |
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Decliners |
590 |
19% |
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Decliners |
920 |
31% |
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Russell 2000 |
+16.74 |
1,091.25 |
+1.56% |
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52 Wk Highs |
175 |
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52 Wk Highs |
61 |
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S&P 600 |
+11.51 |
672.65 |
+1.74% |
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52 Wk Lows |
14 |
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52 Wk Lows |
65 |
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Major Averages Rallied With Higher Volume and More Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks staged an afternoon rally on Thursday. The Dow was up 155 points to 17481. The S&P 500 finished 13 points higher to 2040. The NASDAQ gained 11 points at 4774. Volume was reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by 4-1 on the NYSE and 2-1 on the Nasdaq exchange. There were 40 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, doubling the total of 20 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on the NYSE, but new lows outnumbered new highs on the Nasdaq exchange again.PICTURED: The Nasdaq Composite Index posted a gain backed by higher volume while approaching its 200-day moving average (DMA) line. Further gains have helped the DOW and the S&P 500 Index both rally above their downward sloping 200-day moving average lines. The improvement for the major averages (M criteria) was backed by an expansion in healthy leadership (new highs), another encouraging sign for the current confirmed rally. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. The Dow moved into positive territory for the year while the U.S. dollar
plunged in the wake of yesterday’s dovish statement from the Federals Reserve.
Emerging markets stocks also finished firmly higher as West Texas crude climbed
above $40 a barrel. On the data front, initial jobless claims came in at
265,000, below the 268,000 predicted by analysts. A gauge of leading indicators
ticked up 0.1% in February, missing consensus expectations of a 0.2%
increase.
Nine out of 10 sectors in the S&P 500 advanced on the session. Materials
and Industrials paced the gains while Healthcare stocks lagged. In earnings,
FedEx (FDX +11.83%) as the company soundly exceeded analyst earnings
and revenue forecasts and raised forward guidance. Office Depot (ODP +10.84%) jumped on reports that Amazon (AMZN -2.58%) made a bid for its corporate business unit.
Treasuries were mixed with the yield curve flattening. The benchmark 10-year
note added 3/32 to yield 1.90%. In commodities, NYMEX WTI crude spiked 4.5% to
$40.17. COMEX gold finished 2.8% to $1263.80/ounce. In FOREX, the Dollar Index
retreated 1.1% to cap its worst two-session performance since 2009. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Financial, and Most Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were mixed on Thursday as the Gold & Silver Index ($XAU -0.65%) edged lower while the Oil Services Index ($OSX +3.45%) and Integrated Oil Index ($XOI +1.39%) both posted solid gains. The Broker/Dealer Index ($XBD +2.31%) outpaced the Bank Index ($BKX +0.53%), meanwhile the Retail Index ($RLX -0.46%) posted a small loss. The Networking Index ($NWX +1.78%) and the Semiconductor Index ($SOX +0.72%) both ended higher, but the Biotechnology Index ($BTK -0.59%) edged lower.Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +2.31%) recently rebounded above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
166.00 |
+5.54 |
+3.45% |
+5.24% |
| Integrated Oil |
$XOI |
1,105.88 |
+15.17 |
+1.39% |
+3.09% |
| Semiconductor |
$SOX |
665.95 |
+4.76 |
+0.72% |
+0.37% |
| Networking |
$NWX |
362.44 |
+6.34 |
+1.78% |
-3.59% |
| Broker/Dealer |
$XBD |
160.97 |
+3.64 |
+2.31% |
-9.61% |
| Retail |
$RLX |
1,244.95 |
-5.70 |
-0.46% |
-3.00% |
| Gold & Silver |
$XAU |
70.92 |
-0.47 |
-0.66% |
+56.56% |
| Bank |
$BKX |
64.70 |
+0.34 |
+0.53% |
-11.47% |
| Biotech |
$BTK |
2,776.57 |
-16.34 |
-0.59% |
-27.20% |
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When You Get Back In Do It On The Right Foot
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now! You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *Accounts over $250,000 please. **Serious inquires only, please. |
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
JBSS
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NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$68.82
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+0.36
0.53% |
$69.32
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102,502
84.02% of 50 DAV
50 DAV is 122,000
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$72.55
-5.14%
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1/29/2016
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$62.25
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PP = $66.39
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MB = $69.71
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Most Recent Note - 3/16/2016 5:41:22 PM
Y - Still consolidating above prior highs and its 50 DMA line defining important near-term support. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above Near Term Support - 3/15/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$17.99
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-0.31
-1.69% |
$18.49
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2,227,048
207.36% of 50 DAV
50 DAV is 1,074,000
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$18.38
-2.12%
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2/26/2016
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$16.10
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PP = $16.19
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MB = $17.00
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Most Recent Note - 3/17/2016 12:31:02 PM
G - Reversed into the red after touching another new 52-week high today. Finished strong with 3 times average volume behind the prior session's big gain. No resistance remains due to overhead supply. Getting extended from the previously noted "double bottom" base, it has shown bullish action since first featured in yellow in the 2/26/16 mid-day report.
>>> FEATURED STOCK ARTICLE : Perched Near Best-Ever Close Following Recent Breakout - 3/9/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NVEE
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NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
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$25.09
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+0.56
2.28% |
$25.18
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44,706
103.97% of 50 DAV
50 DAV is 43,000
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$28.07
-10.62%
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3/14/2016
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$25.43
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PP = $24.77
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MB = $26.01
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Most Recent Note - 3/17/2016 5:05:32 PM
Y - Endured distributional pressure after a volume-driven gain triggered a technical buy signal on 3/14/16, rising from an 8-month double bottom base. Highlighted in yellow with pivot point cited based on its 12/02/15 high (read here).
>>> FEATURED STOCK ARTICLE : Finished Strong After Highlighted in Mid-Day Report - 3/14/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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